Excavator as a barometer of the construction machinery industry, a strong rebound or will become the beginning of a comprehensive recovery of the industry, the cycle of some of the lagging behind the product is also usher in the economy to accelerate recovery. According to the statistics of the Engineering Machinery Association, the excavator sales volume of 21,389 units in March 2017, an increase of 56.2% over the same period of last year. The total sales volume of 40467 units in January and March of 2017 increased by 98.87% and the growth rate reached a new high since 2002.

    Major brand sales to achieve high growth. Domestic brands, in March Xugong, Sany Heavy Industry, Liugong, mountains and rivers were sold 2,033,4,519,1,120,448 units, respectively, an increase of 102%, 82%, 71%, 13%. Domestic brands in the first quarter cumulative market share of 48.9%, down 2.1ppt. Foreign brands, Japan Komatsu sales 1,581 units, Hitachi sales 1,383 units, an increase of 86%, 50%; Hyundai Jiangsu, Doosan sales 589,1,701 units, an increase of 102%, 70%; Caterpillar sales of 3,115 units, An increase of 89%.

    The first quarter of 2017, with the construction machinery wind vane called excavator sales rebounded strongly, some brands even out of stock conditions, construction machinery industry recovery trend stabilized.

    In the new machine, according to the China Engineering Industry Association statistics, the first quarter of 2017 excavator sales accumulated 40467 units, an increase of 98.87%, the growth rate since 2002, a record high. Affected by the country for the impact of two, last March digging machine sales of 14,000 units. In such a high base, in March this year, digging machine sales still maintain 55% year on year growth rate, showing downstream demand is still strong.

    From the domestic perspective, sales growth: March China's eastern, central and western excavator sales increased by 50%, 58.3%, 61.7%. The domestic growth of 57.2%, exports increased by 23.9%.

    (30 tons and above) sales growth of 100.5%, in the dig (13 tons to 30 tons) increased by 70.1% year on year, small dig (13 tons and below), the tonnage digging machine to maintain high growth: An increase of 42%. Digging more than a small digging growth. Digging machine in the high base still maintain high growth. Last year in March digging machine sales of 14,000 units for the year last year, the highest single-month value, mainly by the country for the two countries.

    And in the high base, in March this year, digging machine sales still maintained a growth rate of 55%, and supporting the supply of spare parts in the case of bottlenecks, single-month sales reached the highest since 2014, close to the level of March 2012, Indicating that downstream demand is still strong. Looking ahead, taking into account the supply bottlenecks lead to passive smooth shipments, and April last year, the low base, we expect this year in April excavator sales growth speed.

    From the current point of view, the excavator end-user rental prices rise, infrastructure is accelerating start. From the recent sales of other construction machinery and equipment situation, the recovery trend of the obvious category has been gradually spread from the excavator to bulldozers, cranes, etc., the overall pick up at the same time will also promote the construction machinery sector profit repair continuation. Integrated channel data and industry leading enterprises, the industry rebound in the sustainability is expected to exceed market expectations.

    For the excavator market hot sales mainly benefit from the domestic infrastructure construction in 2017 continue to increase investment is closely related.

    Government work report pointed out that in 2017 the state plans to complete the railway construction investment of 800 billion yuan, 1.84 billion yuan of road water transport investment, and then start 15 major water conservancy projects, continue to increase rail transit, civil aviation, telecommunications infrastructure and other major projects. Earlier, the local government announced the government work report also shows that in 2017 around the fixed asset investment accumulated more than 40 trillion yuan. Among them, a considerable part of the infrastructure investment, such as Xinjiang plans to complete this year, infrastructure investment 1.5 trillion yuan, an increase of about 50%. A large number of infrastructure projects for the construction machinery industry provides a good opportunity.

    Excavator sales growth from the macro point of view is mainly driven by the needs of infrastructure growth, and we should also see that excavator product performance, quality improvement, and promote the demand for such mechanical replacement, with the national infrastructure Investment growth support, coupled with the upgrading of excavator demand is expected in 2017 excavator sales of more than 90,000 units, 2018 sales will exceed 10 million units, the next three years total sales or more than 30 million units, the industry recovery trend is obvious The

    After the high growth of excavators, earthworks and hoisting machinery in February sales growth is greatly enhanced the possibility of concrete machinery, pile equipment, etc. or will also usher in recovery.